16 days ago • Posted by Ajmir Omid

#Financials pop as yields soar $XLF #US10Y #inflation #trading

The S&P financials kicking 2022 on the right foot. The second strongest sector outperforming the overall market since the beginning of the year, financials have historically benefited from rising yield environment. With Chair Powell's hawkish shift, and strong economic growth expected by the market, 2022 is very likely to see the 10-year Treasuries yield rise. Currently, market participant are betting heavily on rising yields with the call-to-put ratio on XLF at 2.5X, according to CNBC